Month: November 2021

$69B Federal deficit over first half of fiscal year

The Finance Department’s fiscal monitor says the deficit now reflects current economic challenges caused by Covid-19 The federal government ran a deficit of nearly $69 billion over the first half its fiscal year, almost $130 billion less than the treasury pumped out during the same stretch one year earlier. The Finance Department’s fiscal monitor says …

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What’s in and what’s out, as Biden offers scaled-back plan

After months of talks with Democratic lawmakers, President Joe Biden outlined Thursday a US$1.75-trillion framework to support families and education as well as protect against global warming. (All figures are in U.S. dollars.) The updated plan includes universal preschool, funding to limit child care costs and a one-year continuation of a child tax credit that …

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